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Your bank offers to lend you $108,500 at an 8.5% annual interest rate to start your new business. The terms require you to amortize the

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Your bank offers to lend you $108,500 at an 8.5% annual interest rate to start your new business. The terms require you to amortize the loan with 5 equal end-of-year pyyments. How much interest would you be paying in Year 2? $6,080.67 57,606.06 40.090.00 56.170.79 $4,600.83

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